DJH acquires McBrides in first Southern deal
One of the UK’s fastest growing accountancy and professional services groups has made its first acquisition in the South as it looks to move into the sector’s ‘top 20’.
DJH, which already has ten offices across the Midlands, North West and Yorkshire, has joined forces with Bexley-based McBrides Chartered Accountants in a deal that springboards it into London and the South.
The group will tap into McBrides’ regional presence and specialisms in guiding professional services, law firms, property businesses, shipping companies and UK subsidiaries of international companies.
Tenzing-backed DJH will, in turn, provide access to dedicated teams across a range of services, including R&D tax credits, capital allowances, commercial funding, HR and IT.
Existing McBrides managing partner Tanya Hamilton will continue to lead the business with the partner team.
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Scott Heath, chief executive officer of DJH, explained: “It has always been our aspiration to have a substantial office in the South and the partnership with McBrides gives us an immediate presence in the region with a business that shares our values of teamwork, client service and trust.
“As soon as chief operating officer James Beardmore and I met Tanya and the partner team, a strong relationship developed, and we knew we could create the perfect foundations that support existing clients whilst giving us the opportunity to grow in the area.”
He continued: “Together, we are edging closer to moving into the top 20 accountancy firms in the UK.”
DJH, which provides audit, accounting, tax, and specialist business advisory services to businesses nationwide, combines local expertise with national reach, while maintaining personalised service at its heart.
Following a series of ten acquisitions in three years, the firm has grown into a multidisciplinary team of 580 people across 10 offices in the Midlands, North West and Yorkshire.The latest purchase creates further opportunities for both the DJH and McBrides teams to develop through their careers, as well as delivering growth potential for specialist service lines.
Tanya Hamilton, managing partner at McBrides Chartered Accountants, said: “Joining DJH is a major milestone in our journey, providing an opportunity to strengthen our services, giving new and exciting opportunities for further growth, while also delivering more investment in technology as well as the training, recruitment and wellbeing of our team.
“Being part of a top 40 UK accountancy firm, that shares our vision and values, is going to help us create the best possible place to work and provide further enhanced services to our clients.”
Matt Nicholson, investment lead at Tenzing, concluded: “We’re incredibly excited to welcome everyone at McBrides to the DJH family. Finding partners with the right culture is critical for our continued growth aspirations and we are delighted Tanya and the team have put their trust in us for the future.
“This is particularly true when entering a new region, which is a major milestone for the DJH Group. We can’t wait to see what we can achieve together.”